On April 15 of the current year, a fire destroyed the entire uninsured inventory of a retail store. The following data are available:

Sales, January 1 through April 15 $600,000

Inventory, January 1 200,000

Purchases, January 1 through April 15 500,000

Purchases Discounts 10,000

Sales Return 5,000

Freight in 3,000

Freight out 10,000

Markup on cost 25%

The amount of the inventory loss is estimated to be

217,000

574,000

202,000

532,000

214,000

None of the above.